JSPL bags coal linkages for a 5 year period

The coal linkages secured for a 5 year period will provide steady supply of fuel to captive power plants run by the company for its steel making operations, according to a BSE filing by the company.ETAuto | June 19, 2017, 10:56 IST

New Delhi: Jindal Steel and Power Limited (JSPL) has secured coal linkages of over 0.51 Tonne per annum in the recently concluded coal linkage auctions under captive power sub- sector.

The coal linkages secured for a 5 year period will provide steady supply of fuel to captive power plants run by the company for its steel making operations, according to a BSE filing by the company.

The three captive power plants of the company are located at Raigarh and Dongamahua both in Chhattisgarh; and for powering its 810 MW CPP in the next 6 MTPA integrated steel complex at Angul Orissa.

The coal linkages will ensure a steady supply of thermal coal required to feed the captive power plants at calorific costs significantly beneficial than coal procured through e-auctions.

These coal linkages will further enhance the operational efficiencies of steelmaking at JSPLs recently completed 6 MTPA Integrated steel plant at Angul and at its flagship steel plant at Raigarh. Much of the steel also goes for making vehicles in the automotive sector.

Since 2016, JSPL has secured coal linkages of close to 2.3 MTPA under various sub-sectors for a 5 year timeframe.